Hello Wootfi.com Visitors Today We Covered TD Ameritrade Review . Please Read Our All review to know more about TD Ameritrade Broker .
About TD Ameritrade
TD Ameritrade’s think or swim platform offers over 70 tradeable currency pairs alongside a number of impressive tools, research, and education. Trade-only U.S. customers get the best trading experience available today – try TD Ameritrade today!
For over 40 years, TD Ameritrade been empowering clients by helping them take control of their financial lives. Today, TD Ameritrade proud to continue to deliver exceptional access to education, resources, and service to help you pursue your goals with confidence.
TD Ameritrade at a glance
| Minimum Balance | 0$ |
| Cost per stock trade | 0$ |
| Options trades | 0.65$ per contract |
| Year Founded | 1955 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | Available |
| Customer Support | Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa. |
| Promotion | Up to $2,500 in cash |
| Official Website | Click Here To Visit |
How To Create Account At TD Ameritrade
TD Ameritrade offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
Deposit and withdrawal function of TD Ameritrade
The account funding for this account is straightforward and user-friendly. There’s no deposit fee, but only USD is supported as a base currency. Wire transfers have a high fee.
TD Ameritrade withdrawal fees
TD Ameritrade charges no fees for withdrawals in most instances. The exception we found was bank/wire transfer, at a cost of $25.
TD Ameritrade trading fees
TD Ameritrade doesn’t charge a commission to trade stocks, options or exchange-traded funds. There are also no inactivity or annual fees, and there’s no fee for partial transfers from your account. To transfer out your full balance, you’ll pay $75. Fees vary depending on the type of investment you’re trading, but typical fees for regular stock trades range from $0.65 up to $25 per transaction.
Safety & Licence
The broker is regulated by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the Commodity Futures Trading Commission (CFTC), the Hong Kong Securities and Futures Commission, and the Monetary Authority of Singapore (MAS).
TD Ameritrade is based in USA and was founded in 1975.
How does TD Ameritrade work?
TD Ameritrade has been around for quite a while, and their web-based trading platform is one of their most popular features. It offers trading options, educational resources, and much more.
TD Ameritrade is actually a full-service brokerage firm. Some of the accounts they provide include:
- Individual.
- Traditional IRA.
- Roth IRA.
- Rollover IRA.
- Joint Tenants WROS (With Rights of Survivorship).
- Trust.
- UTMA/UGMA.
Trading Tools & Platforms
TD Ameritrade is famous for its award-winning desktop trading platform thinkorswim. Along with the thinkorswim platform, TD Ameritrade also offers trading on its website and mobile app.
High Grade Features Which Offer By TD Ameritrade
Mobile apps
TD Ameritrade is not only great for trading on the move – they also offer two mobile apps! Both apps correspond to their two different trading platforms, making it easy for traders to switch from platform to app with just a single touch. The mobile apps are designed to look like their desktop versions and offer intuitive and practical functionality in a clean package.
Fee-free funds
TD Ameritrade provides investors with up to 3,700 no-transaction-fee mutual funds. That’s a great benefit for those who look for funds aside from stocks. TD Ameritrade also has a stock screening tool that can be customized to fit an investor’s needs. Each fund page includes recent performance and holdings, along with a description of the fund.
Wide range of account types
TD Ameritrade offers a wide variety of account types, so you’ll always be able to find one that suits your needs. For example, they offer individual, joint taxable and custodial accounts as well as 529 accounts and retirement plan options like Roth IRAs, traditional IRAs and pension and profit-sharing plans, just to name a few.
Alerts and notifications
The MarketWatch feature on the thinkorswim desktop trading platform lets you set up alerts and notifications for the following: price, news, and those of your choice. You’ll get notifications via email , push notification or text message.
Research and education
TD Ameritrade offers education for all levels, from the basics of how to trade stocks to advanced options trading sessions. You’ll find in-depth investing education resources for TD Ameritrade clients at its more than 175 branch locations. And it’s also taking advantage of its physical presence with in-house sessions for investors on market-related topics like how to trade stocks or options.
Excellent Customer Support
TD Ameritrade provides 24-hour customer service and gives their customers reliable responses to all questions.
You can contact TD Ameritrade via:
- live chat
- phone
TD Ameritrade Forex customer support team offers services in English, Chinese and Spanish. You can contact TD Ameritrade using live chat, email or phone, depending on your needs.
Live chat is best for quick and easy responses. TD Ameritrade virtual agent provides you with helpful information about company FAQ pages just by typing his name into the search bar. Live customer support was also very helpful – company appreciate being able to offer both options to customers.
Pros & Cons Of TD Ameritrade
| PRO | CONS |
|---|---|
| Commission-free stock and ETF trades. | You can trade only on US markets |
| Free research. | Accounts mostly limited to US residents |
| No account minimum. | No credit/debit cards and electronic wallets for money transfer |
| Good customer support. | |
| Large investment selection. |
TD Ameritrade Review Conclusion
TD Ameritrade ranks highly in every category that we measured. They are undoubtedly one of the best brokers in the industry, and we only briefly touched on certain categories in this article. There is much more that could be said about the positives of TD Ameritrade, and not that much to be said about the negatives. We hope You Like TD Ameritrade Review
Frequently asked questions
What Is Fee Structure Of TD Ameritrade ?
TD Ameritrade does not charge a commission to trade stocks, options or ETFs. There are also no inactivity or annual fees, nor is there a fee to make partial transfers out of your account.
How To Contact TD Ameritrade Customer Support Team
TD Ameritrade Forex customer support team offers services in English, Chinese and Spanish. You can contact TD Ameritrade using live chat, email or phone, depending on your needs.
What is the minimum account balance at TD Ameritrade?
Bear in mind that it is your responsibility to ensure your account is properly funded. You should monitor your account at least on a daily basis to make sure you always meet your broker’s margin requirements
